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model s fire in the state of tennessee. phil lebeau has details on that one. phil? >> and, bill, we're still trying to get exact details about what happened with this tesla model s fire. take a look at these pictures provided to us by the tennessee highway patrol. these are shots of the model s after the fire was put out. the driver was uninjured. got out of the car. he apparently drove over a tow hitch in the road. that punctured the battery compartment. by the way, as you're looking at this, this is the third model s fire in the last six weeks. and for tesla shares, it has added to what has been a terrible couple of days. in fact, this is the worst two day drop for tesla shares in more than three years. tesla says it is sending a team of investigators to tennessee to investigate what happened. as for the federal government, the national highway traffic safety administration tells us that it will contact the local authorities who are looking into the incident to determine if there are vehicle safety implications that merit agency action. tesla has sold more than 19,000 model s vehi
, launching its own electric car. we'll get an up close look with phil lebeau coming up later on the "closing bell." opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. >>> welcome back. check out these markets. the dow jones industrial average struggling to stay above the -- well, 16,000 level, but certainly above 15,9 62. losing altitude quickly. we told you a headline from carl icahn who says basically he's expectinging a pretty good selloff in stocks. he says some earnings are a mirage and more to do with low interest rates than leadership and market demand. as soon as that headline came across the tape, the market gave up all the gains and then some. we're in negative territory and technology is rolling over the most. he says he's not walking away from a fight with apple which may very well be pressuring apple shares as well, bringing the nasdaq down. lawmakers in washington may be the reason
. tesla gearing up to report earnings just a few hours from now. phil lebeau is behind the wheel in chicago for us. hey, phil. >> sue, you know with a stock like tesla and company like tesla a lot of people wait lot of crazy ideas about what's important behind the conference call. we've got the three numbers that you need to focus on and why they are the key to that conference call coming up on "power lunch." [ imitating car engine ] that's mine. ♪ that's mine. that's mine. ♪ come on, kyle. ♪ [ horn honks ] that's mine...kyle. [ male announcer ] revenge is best served with 272 horses. get the best offers of the season now. lease this 2014 ats for around $299 a month with premium care maintenance included. ♪ [ male announcer ] once, there was a man who found a magic seashell. it told him what was happening on the trading floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their trading platform. ♪ [ indistinct talking continues ] [
's earnings. phil lebeau has been looking at that. this has been the momentum stock of the year. what did they deliver on earnings? >> it was better than what the street was expecting. 12 cents per share versus the street expecting 11 cents a share. there was a whisper number of 17 cents a share. some will be disappointed. when you look at revenues, light of what many of expecting coming into $431 million -- excuse me, a little above. $603 million versus $553 million. then the question of deliveries of the model s. this was the crucial number, maria. for the third quarter, tesla delivering 5500 model s vehicles. many on wall street were expecting closer to 5700 or 5750. keep in mind, tesla's own guidance was for 5,000 deliveries so they'll say, listen, we exceeded it by 500. again, it's all about expectations. 5,500 model s delivered last quarter. they did beat the street by a penny, earning 12 cents a share. back to you. >> the stock is -- well, initially traded down. looks like it's bouncing on that, on the chart. really an active chart tonight on tesla. want to get straight to the anal
. will the investigation put a dent into future sales? phil lebeau to answer that question for us at the auto show in los angeles. phil? >> hi, tyler. what's interesting is we're hearing a lot from elon musk on twitter today. we'll give you a taste of that in a little bit. let's focus on what this investigation regarding the model s is about. it's focusing on two battery fires here in the u.s. one last month just outside of seattle, washington, that's where this video is from, and another one earlier this month in tennessee. both of those fires are the focus of the investigation. by the way, nobody was hurt or killed in either of those fires, of which elon musk referenced on twitter today, he's been tweeting out about the fact that they are now the focus of an investigati investigation. he writes what makes this incredibly unjust is that the model s to date has the best safety record of any car on the road an then puts in parentheses, no injuries or deaths ever. it is still unclear whether this investigation will actually lead to a recall. it's not uncommon that they will do an investigation and then at
cars. and our phil lebeau is on-site mingling with the top auto ceos. >> hey, tyler, electric cars a big theme at the show this year. this is one of the new ones introduced, volkswagen's e gulf we'll talk with the head of volkswagen of america when "power lunch" returns. [ bagpipes and drums playing over ] [ music transitions to rock ] make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you open an account. >>> day two of the l.a. auto show and cnbc is all over the hottest cars or phil lebeau is. he's on-site with the first on cnbc interview with the ceo of volkswagen of america. phil? >> thank you, tyler. i'm here with jonathan browning the gentleman who runs volkswagen of america and we're standing in front of your newest vehicle you unveiled the e gulf, e for electric. how much due mand is out there in your opinion in terms of electric vehicle? >> the electric vehicle demand is a small minority of the total market price but it's growing. for example, in our long-term plannin
or text on your cell phone on a flight are soon coming to an end. phil lebeau will give us a live report from a plane testing out this service. there he is. stay with us. anything we purchase for the paper cottage goes on our ink card. so you can manage your business expenses and access them online instantly with the game changing app from ink. we didn't get into business to spend time managing receipts, that's why we have ink. we like being in business because we like being creative, we like interacting with people. so you have time to focus on the things you love. ink from chase. so you can. you really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪ but with less energy, moodiness, and a low sex drive,y first. i saw my doctor. a blood test showed it was low testosterone, not age. we
, taking aim at higher wages. phil lebeau is there. >> brian, we're here in the south side of chicago. are they protesting for wagers with workers who actually work at walmart? we'll talk about that after this break. [ tires screech ] ♪ [ male announcer ] 1.21 gigawatts. today, that's easy. ge is revolutionizing power. supercharging turbines with advanced hardware and innovative software. using data predictively to help power entire cities. so the turbines of today... will power us all... into the future. ♪ [ male announcer ] this december, experience the gift of unsurpassed craftsmanship at the lexus december to remember sales event. some of the best offers of the year. this is the pursuit of perfection. you can fill that box and pay one flat rate. how naughty was he? oh boy... [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. [ male announcer ] fedex one rate. (announcer) at scottrade, our clto make their money do more.re (ann) to help me plan my next move, i take scottrade's free, in-branch seminars... plus, their live webinars. i use
, our own phil lebeau with more details on that. >> reporter: good morning, kate. we're here at the l.a. auto so where as they get ready to open the show, a lot of talk is about what's happening with tesla. a few minutes ago, this tweet from elon musk, the ceo of tesla. he says why does a tesla fire with no injury get more media headlines than 100 gas car fires that kill hundreds of people per year? what he's referencing is the fact that the national highway traffic safety administration has opened a formal investigation into the model s battery fires. in doing so the agency said the investigation was prompted by recent incidents in washington state and tennessee that resulted in battery fires due to undercarriage strikes with roadway debris. nobody was injured, nobody was killed in either of the tesla model s fires and tesla this morning said it asked the national highway traffic safety association to launch a formal investigation. it brings up the question, will there be a rrl? this is what elon musk said at the deal book contract just last week when andrew ross sorkin asked him abo
of it. back to you. >> scott, thank you very much. phil lebeau joins us with the ripple effects that this incident is likely and is already having on eyre travel, certainly in the western part of the united states. with a ground hold if you're in atlanta and bound for los angeles your plane doesn't leave. >> no, you're sitting there. interesting note here is take a look at those flights that are already in the los angeles area. they've been essentially as they're brought in there in a holding pattern. few flights have landed. it's a matter of how much fuel do you have before they say we can bring new here and land you, and then we're going to keep you parked to the side or if they have to move them over to let's say john wayne airport out in orange county or one of the other airports out there in california. keep in mind it wasn't just the terminal where there were evacuati evacuations. it was the others as well. yes there will likely be rescreenings taking place because the concern from the tsa is was this just an isolated incident or is this one incident part of something larg
, phil lebeau has been saying it's all about the numbers beyond headline profits and sales figures. investors will be looking at three big things. model s delivery, 5700 of them. gross margins, look between 16% and 20%. anything higher, the stock will take off. anything lower, we could see a bit of a selloff there. then 21st century fox, reporting earnings as well. look for earnings of 37 cents a share on sales of $6.7 billion. they'll be looking to see how the cable television and movie business is for them and what it says about the rest of the business. back to you. >> media stocks in general have been red hot this year. my next guest says there's significant upside for select companies. the cable entry is undervalued. she joins me, bank of america jessica reef cohen, one of the top media consultants. and today she's naming names. good to see you. >> good to see you. >> you've been a student and leader in this industry for so long. >> thank you so much. >> what's behind the big rally in the stocks? >> the stocks have been on fire, it's true. a part of the reason for the entertai
. another fire in a model "s." cnbc's phil lebeau is following this story. hi, phil. >> reporter: hi, tyler. this is one that's still under investigation. we want to show you some pictures from the tennessee highway patrol. this is of the model "s" after the fire was extinguished. it happened yesterday, yesterday afternoon, in murfreesboro, tennessee. the driver, by the way, escaped this without any injury. the model "s" did not hit another car in this incident. instead is drove over a trailer hitch. that hitch that apparently punctured the battery compartment underneath the model "s." and again, the driver escaped without injury. this is the third model "s" fire in the last six weeks. remember there was one in suburban seattle, then one in mexico and now this one. tesla is sending investigators to tennessee to look into what's happened. what about the federal government? will it now investigate the model "s"? the ntsb says it will contact the local authorities who are looking into the incident to determine if there are vehicle safety implications that merit agency action. keep in mind, tes
? >> caller: hey, jim, my 10-year-old daughter, emma, wants to say something to you. >> sure. >> caller: beau, beoo-boo-boo-y. >> there's a kid with sense. what do you got? >> caller: talking about the social space, if you're playing something that's disruptive like that, if that's how you feel, you're not worried about evaluations. you're looking at the upside, aren't you? >> there are times that some people, not me, some people are willing to pay any price. linkedin is the game changer and own that business. i like linkedin. linkedin could be very cheap on -- earnings that came out two years ago. that's what's important. i believe in that. growing pains? we're seeing a selloff in growth stocks. you know what that means. pretty soon you're going to have to start hunting. after the break, try to make you more money. >>> coming up, french fried? pretzel burgers weren't enough to satisfy wall street's hunger for growth. and despite better than expected earnings, wendy's got cooked in today's tape. is this just an opportunity to take a bite? don't miss cramer's exclusive. i'm only in my 60's...
lebeau. >> both sides today are digging in. saying they do not plan ongoing back to the negotiating table. here's the contract that the machinists union, about 31,000 members, rejected. 67% voted no to a new eight year contract. the members unwilling to change the pension. again, that deal would have stretched through 2024. after the vote, here's what one union member said when asked about the possibility that this no could send the 77x somewhere else. >> if they choose to take the 777x down the path they take the 787 and commit corporate suicide, it's their business, not ours. >> boeing is actively talking with citying around the country about the 777x plant. it expects to bring several thousand jobs to where the plane is built. they would last well past 2030. five cities to think about. there are a number of other cities that aren't being mentioned. salt lake city, huntsville, long beach. they've all been mentioned as potential sites. real quick, maria, if you take a look at shares of boeing, they surged to an all time high today. past $135 a share. clearly investors are betting t
of dollars into mexico where startedup expenses and rages remain reasonable. but for how long? phil lebeau is live in mexico with the latest. hi, phil. >> reporter: hi, maria. this is one of the hottest areas in the world when it comes to expanding and manufacturing. the reason why? more companies are pumping money into this country. in fact, when you look at foreign direct investment into the country of mexico, it will top $35 billion this year. much of that coming from the auto and aerospace sectors. and here's the reason why. they used to be putting most of it into china. but look at the difference in cost when you factor in wages and shipping, et cetera. the manufacturing outsourcing index makes it clear that mexico is a much more competitive place for many companies, including the ford motor company. >> mexico has proven to be a great source for our products, obviously, great high quality, the team members are very motivated. and there's a great, healthy supply base. >> reporter: there's another company that is benefiting from the boom in manufacturing here in mexico. kansas city sout
that the plane maker rejecting a controversial contract proposal. it could have big ramifications. our phil lebeau in chicago. phil, this seemed like a real important vote not just for boeing but also for the labor community as a whole. >> absolutely because this is one of those plumb possibilities out there in terms of where boeing puts the 777 x plane. the union, the machinist in seattle, had a chance to vote on a contract offer which would extend through 2024. two-thirds of the members voted it down last night. here's a sense of what they were feeling as they were voting. >> i was quite certain it was not going to pass. i could not see my brothers and sisters taking this and the way it was presented to us as extortion and accepting it. >> they choose to take the 777 x the same path they took the 787 and commit corporate suicide, it's their business. it's not ours. >> keep in mind, boeing offered a guarantee of the 777x being built in the puget sound if the union agreed to that eight-year contract which would have had some changes to the pension, a 1% a year pay raise. they would have had to pay
, that would be bmw. new cla model has been on fire so far in 2013. >> our phil lebeau has been at the l.a. auto show today checking out the hottest new cars. he joins us with mercedes benz ceo steve cannon. >> thank you. we're in front of the cla because this has been red hot. tell us the type of buyer you're bringing in with the cla. >> all new buyers, conquest buyers. 80% of the those buying the cla are brand new to mercedes. trading in bmws, honda, toyotas -- >> mass market. >> that's what we were hoping for. those that sold in the 30,000 to $50,000 price point is significant. what's going on in the marketplace is you have luxury folks moving toward that point. and you have the mass manufacturers moving up. that's a battleground that's very significant. >> which brings up what happened in december, which is always huge for the luxury automakers. i was talking with one of your dealers yesterday and he said, boy, december is going to be a great month for the deals when it comes to luxury. how much more will we see this year compared to past years? >> for us it's going to be business as
. we're not flying an airplane. phil lebeau has more. >> a statement from the fcc and commissioner tom wheeler in regards to the possibility of allowing phone calls to be made on airplanes if they change the rules. he essentially says, modern technologies can deliver mobile services in the air safely and reliably. and the time is right to review our outdated and restrictive rules. technologically speaking, it may be time to review those rules. i should point this out, bill and maria. when they change the rules within the last month in terms of allowing people to use their devices below 10,000 feet, there was overwhelming evidence that people do not want other people to use cell phones on the planes. in fact, in one survey, people were more opposed to allows cell phone use than they were to allows passengers to be overintoxicated on flights. that gives you some indication of just how much people are against the idea of cell phone calls being allowed on commercial air flights. >> how would you like to be the guy that's sitting with everybody around you, using their cell phone at that tim
base some 12 miles away. we expect it to take off any time now. phil lebeau has been following the story, and he joins us live from chicago. phil, first of all, how did this happen? and second of all, this is a much shorter strip than mcconnell has. how's this going to work? >> reporter: let's start first with taking off and the shorter runway. the runway at jabara airport is about 6,100 feet long. typically a 747 modified like this would have a ruppway of at least 9,100 feet, a 3,000-foot difference. they're not going to take off until all parties sign off. authorities say yes, we believe we have enough room for taking off. that's the takeoff we may see relatively soon. as for how it got here, the dreamlifter was carrying 787 dreamliner parts from italy, stopped in new york and was on its way to the facility in wichita, spirit air systems where it was going to be dropping off parts, picking up others. as the pilots were coming in on approach late last night, listen to the exchange between the dreamlifter pilot and the air traffic control tower. >> 4241 heavy, do you know which
. cnbc's phil lebeau joins us from chicago. three big stories that fall in your area, phil. first boeing soliciting bids for its new 77 x production site. who's in contention sp. >> it's too early to say any one location has an edge over others, although there are natural advantage certain locations have. here are a few of the cities we've confirmed independently as well talking with sources in the running for the landing the 777 x location. seattle, washington, because of the facilities there, long beach, salt lake city, huntsville, alabama, and the boeing facility in charleston. keep this in mind, boeing says it will not negotiate with the machinist union out there in seattle which is interesting because if they were to work out a deal at the last second, you wouldn't see anything develop, sue. but as it is right now boeing says it is moving forward and will make a decision some time early next year about a 777 location. i know that you asked the ceo about that last time you talked to him. very interesting. boeing advising airline about the risk of engine icing problems on the 747 and
. robert frank is here, phil lebeau is there. some of the states, folks, with the highest taxes also have the highest populations of millionaires. rob, you run the numbers on this. >> yeah. >> what did you find? >> big debate whether high taxes chase out the rich. i took a state by state millionaire count and overlaid the tax rates on those. some of the highest taxed states had the most growth in mull it ty millionaires, california number one in glowing multimillionaire population over the past year. the number one state on a percentage growth basis was massachusetts, that's also a pretty high taxed state and number one city for growing millionaires was new york city. with a 12 plus percent tax rate. so again, this could be despite the tax hikes in these places, not because of them. but basically this shows little correlation in how many millionaires a state can grow with the tax rates. >> really speaks, i guess, phil, more to the vibrancy of the economy. sometimes the sheer scale of the economy. i guess it should be no surprise that california would add the most. it's the biggest state a
beating the streets by a penny. company's delivery numbers were lower than expect. phil lebeau joins us. >> reporter: this is a third quarter where they reported better as their own guidance but not as good as any were expecting. you mentioned delivery. for the third quarter they delivered 5,500 model s, some were talking about 5,700 or 5,800. there was some of the disappointment. the gross margin, however, at 21% is a little higher than most on wall street were expecting and now they're planning to deliver 21,500 this year. and deliveries are being increased to europe and to a certain extent pulling back a bit in terms of delivering here in the u.s. what about china, who many view as a great growth market? that will start in the first quarter of next year and already elon musk is saying they're seeing great interest -- they're more on the supply side than on the demand side. >> we're supply constrained not demand constrained. we're working hard to address the construction constraint. the thing that people quite don't get is we're different in that fundamental way from other car compani
, prompting companies around the world to open up more plans there, fill le beau joins us live from mexico with some more on this phenomenon. good morning, phil. >> reporter: good morning, kelly. we're on the floor of the plant for a japanese auto parts supplier. they are going to be building exhaust systems as well as control modules for nissan, general motors, mazda, they're exploetding here. they're in the midst of a hiring boom. they are going to 1,400 workers a year ago. by the time this expansion is done in the next few years, they'll be up to 3,100 workers. that's what we are seeing throughout mexico when you look at the auto and aerospace industry. this has become the hottest place for the growth of those jobs. primarily because it benefits from a number of factors, including trade agreements, low cost, et cetera. take a look at this, a lot of people sit there and say, around they shipping jobs to china? look at the cost difference for jobs and exports out of mexico versus china versus the united nations united states. they have to realize members ka has become the hottest export h
to lagging sales. our phil lebeau explains in chicago. hey, phil. >> reporter: this is about the new vehicle that lincoln has unveiled today, called the mkc. let's look at it. it's really a small crossover utility vehicle. they're calling it a small suv. but it's built on a car platform. it will start at just under $34,000. now, lincoln is hoping the mkc captures the growing demand for small suvs and luxury crossover utility vehicles. year-to-date, lincoln sales down 3%. they've had no traction at all, while the luxury market overall is up 11%. but the head of lincoln says he believes things are starting to turn around. >> as the luxury business is about brand, it's about contribution margin, and it's about customers buying the best product. and we are really pleased to see that our price on the new mkc are up almost $6,000. our hybrid mix is over 30% now, which is something we didn't expect, frankly. >> reporter: so there are some metrics that are moving in favor of lincoln, which really has been stuck in the mud for a long time. but jim farley thinks they can bring it around. the showrooms
. anyway, more on that plus walmart has a different kind of fight on its hand. phil lebeau at a walmart worker protest. one problem, the walmart workers didn't really show up as part of the protests. a live report on that still ahead. that's mine. ♪ that's mine. ♪ that's mine. ♪ come on, kyle. ♪ [ horn honks ] that's mine...kyle. [ male announcer ] revenge is best served with 272 horses. now get the best offers of the season. current lessees with an expiring lease get this 2014 ats for around $299 a month. ♪ (announcer) scottrade knows our and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. >>> there were protests scheduled outside walmart stores across the country but the funny thing is
. >> we are getting numbers on auto sales. chrysler already came out with a miss. phil lebeau has ford numbers. >> reporter: these are slightly below the estimate, overall ford for the month of october, an increase of sales of 14%. again, the street was expecting 15.5%. a couple of numbers stand out here. the best retail sales for the month of october since 2004. we usually don't focus on just one month. that is interesting. best retail sales since 2004. the f-series, it continues to be just incredible. up 63,000 in terms of total sales, up 13% for the month. that is the sixth straight month with f-series sales of greater than 60,000. guys back to you. >> phil, thank you for that. >> the stock does anything. >> i was going to ask you, you know, we've seen some of the whole sale inventory numbers showing stockpiling at auto dealers. some of the loans are stretched out. >> gm stories there about no deals, deals, i think if you don't offer these deals, you got to stay on that treadmill. these stocks have stalled. i don't know why. i'm saying that it's not as easy because europe is turning
the industry. phil lebeau is in mexico with carlos goen. phil, over to you. >> reporter: thank you, kelly. we have a busy day in new york, and also a busy day here in mexico. and carlos is joining me, chairman of nissan-renault. a lot of the plant here, why now? >> yes, we're already here. >> correct. >> we have a plant that's full. 175,000 cars a year capacity, capable of doing four cars. but it will be filled with one car, the central behind me, demand is strong in the united states, and very strong, also, in mexico. little by little, mexico is becoming an export hub for the americas. >> the weaker yen. obviously, you're more diversified than many of the japanese counterparts around the world. how much has it benefited you? does it make it a little -- put less pressure on you to diversify the base even more? >> no, i said when the end was 75 or 76, we need to hit 100 in order to -- for the end to be neutral. we're there. i think it's neutral for the moment. i don't think there's an advantage. i don't think there is a handicap. we are much more diversified than our competitors in japan. we f
on the verge of an unprecedented deal that will get the company through the bulk of its orders. phil lebeau has the details out of chicago. good morning, phil. >> reporter: good morning. this is important for boeing and machinists. they're saying are we're sure we're going to have labor peace through the rest of the decade? that's what it looks like as they're close to signing a deal. for boeing as they close in on this deal, the labor contract, if they agree to a new one, would ensure the 777x, that it would largely be assembled in the puget sound area. what does boeing get out of this deal? a new contract that would run through at least 2020 and perhaps several years after that, ensuring labor peace for boeing for several years, which is going to be critical as they go through the rest of this decade. you've got to go back to 2008, the last time that boeing had to deal with a strike by the machinist union. when you look at boeing's back log, the important thing is boeing wants the certainty about the fixed labor costs for more than 4,700 planes. this is a all-time record. the value, $345 bill
satisfaction. but, of course, this comes as the car is also under some government scrutiny. phil lebeau caught up with the head of national highway safety, the safety at administration late yesterday about its investigation into the tesla s. >> once we made that decision and once we talked to tesla about that decision, they were more than open about saying we want the highest level of scrutiny, we want to cooperate with you on every level of this investigation. they feel very strongly about the quality and safety of their vehicles. we have a lot of questions to have answered. they're willing to step forward to the plate and be collaborative is very positive. >> that's a very positive statement from the government. usually it's much more contentious. take a look at what strictland had to say about how long the investigation might take. >> no time frame. we really want to get this done right. sometimes investigations take a week, sometimes they can take several months. i have no notion or real indication how long this will take. but with tesla being willing to be proactive, hopefully it will be
happy. >>> some walmart workers and their supporters protesting low wages today. phil lebeau joins us with more. >> reporter: behind me about 75 people protesting low wages at walmart. we asked these people how many of you actually work for walmart? we found 3 people of the 75 who actually work for walmart. brings up the question why are these people protesting at this walmart and supposedly 15 wall marts around the country. they believe they should be bringing the minimum wage up to $12.50 an hour. in their words, that's the right way to help the workers earn more. >> it's about the choice that the company makes. at the end of the day, it is not fair that we as american taxpayers have to add to the bottom line of the most profitable company in america. we're talking about the world's largest employer. they can, indeed, afford to pay higher wages. >>> and again, the minimum wage for walmart workers is $8.80. it's a number of groups coming together, calling themselves jobs for justice. walmart has 1.4 million employees in the u.s. and the ceo says they do pay higher than most other ret
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